Gateway Investment Advisers LLC Has $3.79 Million Stake in Jefferies Financial Group Inc. $JEF

Key Points

• Gateway Investment Advisers LLC has increased its stake in Jefferies Financial Group Inc. by 16.3%, owning a total of 69,289 shares valued at approximately $3.79 million.
• The stock of Jefferies Financial Group has shown a significant price range over the past year, with a 12-month low of $39.28 and a high of $82.68, currently trading at $66.58.
• Jefferies Financial Group reported $0.40 EPS for the last quarter, falling short of the consensus estimate of $0.44 EPS, with a revenue of $1.63 billion for the quarter, a slight decline from the previous year.

Gateway Investment Advisers LLC raised its position in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,289 shares of the financial services provider's stock after purchasing an additional 9,717 shares during the period. Gateway Investment Advisers LLC's holdings in Jefferies Financial Group were worth $3,789,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Elequin Capital LP boosted its holdings in shares of Jefferies Financial Group by 117.9% during the first quarter. Elequin Capital LP now owns 549 shares of the financial services provider's stock worth $29,000 after purchasing an additional 297 shares during the period. JCIC Asset Management Inc. lifted its position in Jefferies Financial Group by 193.8% during the first quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider's stock worth $38,000 after acquiring an additional 465 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Jefferies Financial Group by 123.9% in the 1st quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider's stock valued at $62,000 after buying an additional 637 shares in the last quarter. IFP Advisors Inc increased its position in Jefferies Financial Group by 87.9% in the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 649 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Jefferies Financial Group in the 1st quarter valued at about $78,000. 60.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JEF has been the topic of several research reports. Wall Street Zen upgraded shares of Jefferies Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday. Zacks Research raised Jefferies Financial Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Finally, Morgan Stanley boosted their price target on shares of Jefferies Financial Group from $54.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $71.67.

Jefferies Financial Group Stock Down 1.3%

NYSE:JEF traded down $0.91 on Friday, reaching $69.45. 4,388,293 shares of the stock traded hands, compared to its average volume of 1,361,879. Jefferies Financial Group Inc. has a 12 month low of $39.28 and a 12 month high of $82.68. The company's fifty day simple moving average is $61.10 and its 200 day simple moving average is $54.75. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 26.21 and a beta of 1.49.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%.The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned $0.64 EPS. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts predict that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, August 18th. Jefferies Financial Group's dividend payout ratio is 60.38%.

Jefferies Financial Group Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.